Draw Schedule Notes https://multifamilyconstruction.loan/ Compare HUD 221(d)(4), bank, debt fund and tax-credit construction financing for apartments, size the loan and map the build timeline. en-us HVCRE and the 15% equity rule on bank construction loans https://multifamilyconstruction.loan/guides/hvcre-construction-loans/ https://multifamilyconstruction.loan/guides/hvcre-construction-loans/ Sat, 24 Oct 2026 00:00:00 GMT Bank construction loans that miss HVCRE's exemptions carry a 150% capital charge. The 80% LTV limit, the 15% as-completed equity test and the exemptions. The LIHTC 25% bond test https://multifamilyconstruction.loan/guides/lihtc-25-percent-bond-test/ https://multifamilyconstruction.loan/guides/lihtc-25-percent-bond-test/ Sat, 24 Oct 2026 00:00:00 GMT Public Law 119-21 let 4% LIHTC buildings qualify with 25% bond financing instead of 50%, from 2026. Who qualifies and what it does to the capital stack.